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20130206
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market. the first half is going to face some pretty big headwinds from the economy, so i'm cautious about the next few months here. >> cautious about the next few months, so does that translate into taking money out of stocks? is this rally that we've been seeing, even though we saw fractionial losses today, is it justified given these expectations that you think the economy turns downward? >> i think if you look just at the earnings picture and ignore what's going on in washington, the markets should be up even more. i mean, there's plenty of room for stocks to rally, and i do think once we get past this miss call austerity the rally will resume. we have to keep in mind that the market up until now has not seen really weak data, and it's about see some very soft consumption numbers. have you a $200 billion tax increase this year and a $110 billion sequester. these are not small fiscal tight things. it means that first and second quarter are going to be very weak. it's no longer going to be talking about the risks of the fiscal cliff. we're actually getting about half of the fiscal cliff,
to see how they characterize the economy, whether they are getting more comfortable with it now that we have the biggest piece of the fiscal cliff out of the way or whether they are still concerned that employment is sluggish an inflation is tracking kind of low. >> yeah. i mean, we have an economic that's improving but not necessarily gangbusters here to necessarily illustrate or justify this huge movement to stocks. ryan dietrich, what's your take on this in terms of technical strategy? what do the charts look like you to? >> we ton to see what's happened this year and see a lot of similars with last year. we rallied virtually 45 degrees until april and seeing a lot of thins. early in the year, a lot of bulls come in, stocks in mutual funds. doesn't mean the market has to peak. a lot of people are saying that. seasonality-wisebrua usually strong when you have a strong january and march and april, the two strongest months the last five years, up 3.5% on afternoon. all in all coupled with the pact that short interest currently on s&p 500 components is actually higher right now and trimm
proxy for the overall economy. find out how the dow and your investments will be impact the by that release and after the numbers we eke talk. >>> plus, president obama is asking congress to come up and new tax revenues in order to help the deficit. we'll have a conversation with represent dave camp coming up later in the program. stay with us. m charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-866-294-5411. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media str
this market lower? we know there's no great shakes to talk about with the economy. sure, we have a better situation in housing and corporate cash is strong. still got real pockets and real issues and uncertainties. >> no, no, there are. >> what's the catalyst? >> robert schiller was saying even the housing rally doesn't look at strong to him as people think. he's serving customers rather than speculators saying people aren't really that much more bullish on housing so even the housing thing may not have the legs that people think. >> but, you know, harry, own if the housing doesn't have the thing, it's still improving. we've still got jobless rates going down and quite frankly i think qe3 is working, and as long as we don't have job raise go below 6.5 the pump will pump up this thing like an old athlete on steroid. >> basis points are up despite qe3. that's not working. >> those are long rates only and that's because there's less risk aversion out there. people want more risky assets. this doesn't make the commercial banking system heal and get the money velocity working. >> stephanie lin
the u.s. markets are looking very solid. the underlying economy is looking terrific despite the gdp numbers, excuse me, and i think there's a lot of room for growth here. >> do you feel like the earnings story will get better going forward that maybe the last quarter was a trough in earnings and that we can improve. >> with earnings it's always improve we need to know and the visibility going forward what the problem is now. >> terry dolan, great to have you. >> thank you. >> be well. see you again soon. there goes the bell. the second hour of the "closing bell" is going to pick up in just a moment but it looks like the dow jones industrial average will have its best gain since 1994. at least that's how it looks right now. maria picks up the ball right now. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. what a month for the bulls. the dow industrials close the book on an historic january for the stock market. we are closing at the lows of the after
or tax increases on the middle class because the economy is still fragile. we still have high unemployment. but over the longer term particularly when we get to what i consider to be a trigger, maybe 3% annualized growth and under 6% unemployment, then you want to have some mandatory spending cuts and tax increases to bring the deficit down. >> so do you think that's what we'll see? i mean, there's been such an inability to come up with actual ideas on what to cut. how do you think this plays out? >> look. by the end of march, we're going to have $85 billion of cuts which will be devastating to the km i. could result in about 1.7% drop in our growth rate this year. which is already going to be very slow. some people say it's not going to be more than 2%. we don't want to go there. what ought to happen instead, it seems to me, we want to trim the military budget and get rid of corporate welfare, a lot of stuff that is not necessary. and in addition close some tax loopholes. why should anybody be able to deduct mortgage interest more than $45,000 a year. i would like to know the
Search Results 0 to 5 of about 6